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2024 Predictions

Tomasz Tunguz

Here are my predictions for 2024. US VC investment falls from $275b in 2022 to $200b in 2023 & sustains at about $200-220b in 2024 as LP interest in venture attenuates after the euphoria in 2020 & 2021. Every year I make a list of predictions & score last year’s predictions. The Fed cuts rates, which helps.

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Morgan Stanley Inclusive Ventures Lab hosts Global Demo Day of Disruptive Startups

American Entrepreneurship

The disruptive technology-enabled startups are being showcased at its Demo Day, following their five-month participation in the Labs’ accelerator program. “At The post Morgan Stanley Inclusive Ventures Lab hosts Global Demo Day of Disruptive Startups appeared first on American Entrepreneurship Today®.

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Malaysia’s Mosti Prioritizes Tech Innovation and Startup Ecosystem in its Annual Budget

AsiaTechDaily

Register Malaysia’s Ministry of Science, Technology, and Innovation ( Mosti ) plans to push emerging technology and promote Science, Technology, Engineering, and Mathematics (STEM) education within the framework of Budget 2024. Minister Chang Lih Kang has outlined these focus areas in Mosti’s budgetary proposals.

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InnerPlant grows with new John Deere-backed millions for sustainable farming

TechCrunch

That’s what InnerPlant founder and CEO Shely Aronov is trying to do with her startup that uses plant physiology to gather loads of data to make farming more efficient and sustainable. The new investment gives InnerPlant $22 million in total funding to date as it prepares to launch its first soybean product, in 2024.

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SoTecIn Factory: The mission for a sustainable industry begins

Impact Hub

The consortium led by INESC TEC, composed by 5 other European partners – Impact Hub, F6S, BWCON, Metabolic and CNR, who teamed up to achieve their common mission for a more resilient and sustainable industry. Afterwards, the industry players will present real-life challenges and sustainability issues that require innovative solutions.

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Grab eyes EBITDA breakeven by H2 2024

AsiaTechDaily

Register Southeast Asia’s super app Grab is targeting to achieve breakeven on a group adjusted EBITDA basis by the second half of 2024 on the back of the acceleration of its path to profitability. The post Grab eyes EBITDA breakeven by H2 2024 first appeared on AsiaTechDaily - Asia's Leading Tech and Startup Media Platform.

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Google-backed ShareChat cuts 20% workforce to ‘sustain through headwinds’

TechCrunch

ShareChat, the Indian social media startup backed by Twitter, Google, Tiger Global and Temasek, has laid off 20% of its workforce — or over 400 employees — just a month after eliminating more than 100 roles. The startup informed its employees about the decision on Monday morning.